World Kinect Corporation (NYSE:WKC) Declares Quarterly Dividend of $0.23

World Kinect Corporation (NYSE:WKC) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Monday, September 28th will be given a dividend of 0.23 per share on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 28th.

World Kinect has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. World Kinect has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Analysts expect World Kinect to earn $2.56 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 35.9%.

World Kinect Stock Performance

Shares of WKC stock opened at $35.49 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. The company’s 50 day moving average price is $36.56 and its two-hundred day moving average price is $30.45. The company has a market capitalization of $1.82 billion, a P/E ratio of -11.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16. World Kinect has a 52 week low of $22.21 and a 52 week high of $41.20.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The company had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, analysts expect that World Kinect will post 3.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on WKC shares. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley set a $30.00 price objective on shares of World Kinect in a research report on Wednesday, July 29th. Weiss Ratings cut World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen lowered World Kinect from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, World Kinect presently has an average rating of “Hold” and a consensus price target of $30.00.

About World Kinect

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.